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<p>[QUOTE="GDJMSP, post: 1367421, member: 112"]No Paul I'm not confusing anything with anything else. I know there are no bids, per se, with Best Offers. But if one guy makes an offer, and it is declined. Then another guy makes an offer, and it is declined. And then the same guy makes another offer, and it is declined. And so on - </p><p><br /></p><p>What exactly would you call those offers ?</p><p><br /></p><p>Best Offer is an option for sellers to allow others to essentially bid on his item without the seller having to accept the offer. With a regular auction the seller pretty much has to take the highest bid whether he likes it or not. With Best Offer he can say no to any offer made, except for the ones he is willing to accept.</p><p><br /></p><p>In other words, offer (bid) high enough and I'll take it. Don't bid high enough and I won't.</p><p><br /></p><p>It's kind like an auction with a Reserve, only with a Best Offer that reserve is a floating number that can be anything the seller wants it to be. And he can change his mind any time he wants. Advantage to the seller.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 1367421, member: 112"]No Paul I'm not confusing anything with anything else. I know there are no bids, per se, with Best Offers. But if one guy makes an offer, and it is declined. Then another guy makes an offer, and it is declined. And then the same guy makes another offer, and it is declined. And so on - What exactly would you call those offers ? Best Offer is an option for sellers to allow others to essentially bid on his item without the seller having to accept the offer. With a regular auction the seller pretty much has to take the highest bid whether he likes it or not. With Best Offer he can say no to any offer made, except for the ones he is willing to accept. In other words, offer (bid) high enough and I'll take it. Don't bid high enough and I won't. It's kind like an auction with a Reserve, only with a Best Offer that reserve is a floating number that can be anything the seller wants it to be. And he can change his mind any time he wants. Advantage to the seller.[/QUOTE]
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